821-825 Royal Way - Light Distribution FOR SALE


Edmond, OK 73034
$799,000 USD
972-740-8367
821-825 Royal Way, Edmond, OK for Sale
$799,000 USD
Light Distribution - FOR SALE
1/9
null | Request Cap Rate

821-825 Royal Way
Edmond, OK 73034


OVERVIEW

This flex building includes 821 and 825 Royal Way. Each side has 1,200 sqft of high-ceiling warehouse space and 750 sqft of office space. In total there is 3,900 sqft of: 4 office rooms, 2 bathrooms, 2 mini kitchens, and 2 warehouse spaces. Parking can fit 9 cars comfortably. Metal building with metal roof. Each warehouse comes with a mini split and gas heater. This property is located near the center of Edmond making it one of, if not the only, affordable commercial property in its area. Whether it's for personal use or for investment purposes, its location and uniqueness make this property a desirable asset for those wanting to start a business or leasing it out to its current tenants or future tenants. Currently, a wellness center occupies both spaces for $3,750/month with rent increasing $50 per year. Tenants are willing to stay or move, contingent on the new landlord's expectation and new lease. Current lease is in effect until May of 2024, but tenant is willing to renegotiate or void the lease if need be. 2023 Expenses: Property Taxes: $4,400. Insurance: $2,600. Repairs and maintenance: $800. Call 972-740-8367 for more details.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34

LAND SF

14,810

ZONING

-

APN/PARCEL ID

182780125

ASK ABOUT THIS PROPERTY

Charlie HancockRoyal Way CommercialMore Info
972-740-8367

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Charlie HancockRoyal Way CommercialMore Info
972-740-8367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.